Edichaj's Blog

Zenith Bank Plc, in its group annual report and financial statement, recorded a loss of N200,523,436 to fraud and forgeries in 2015. The Corporate Governance Report of the bank, subtitled under analysis of fraud and forgeries returns, showed that five fraud cases perpetrated by the bank’s staff members resulted in a N155,727,899 loss. This accounted for 78 per cent of losses in the fraud/forgeries category. The bank was said to have recorded only N14,040,299 as staff perpetrated fraud in 2014, according to details made available at its 25th Annual General Meeting held in Lagos on Wednesday. For 2015, the bank said it recorded no losses from Automated Teller Machine/ electronic fraud and impersonation. Read More at Punch Ng